Dai DAI
Current Price
$0.9994 -0.02%
$0.0024 Daily Range (0.24%)
$0.9986$1.00
$124.70M Daily Volume
1,355 BTC
Vol/MktCap: 2.87%
Market Performance
0.15% Relative BTC Volume
The total volume of Dai is $124.70M over the past 24 hours, compared to $82.88B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.9994 -0.00%
13 SMA $0.9993 +0.01%
21 SMA $0.9994 +0.00%
55 SMA $0.9995 -0.01%
144 SMA $0.9996 -0.02%
Price Performance
+0.06% 1 Hour Change
$0.9994 from $0.9988
-0.08% 7 Day Change
-$0.0008 from $1.00
-0.05% 14 Day Change
-$0.0005 from $0.9999
-0.04% 30 Day Change
-$0.0004 from $0.9998
All Time High
March 13, 2020
$1.22 -18.01%
-$0.2197 vs. now
24H Change
-42.58M USD -0.97%
-463 BTC
Volume and Supply
Total Supply: 4.35B DAI 
4.35B DAI Available99.98% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
217.87 x BTC Supply218:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
124.73M DAI
traded over past 24 hours
2.87% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Dai AI Market Analysis
Dai (DAI) is currently trading at $0.998964, reflecting a slight decline of 0.02883% over the past 24 hours. The daily price action has shown a range between $0.998566 and $1, indicating tight price stability typical for a stablecoin.
The trading volume over the last 24 hours is $126,868,273, contributing to a volatility ratio of 2.90% relative to its market cap. The hourly moving averages are showing a downward trend, with the 8 SMA at $0.9992 and gradually descending to the 144 SMA at $0.9996, indicating bearish momentum in the short term.
The RSI metrics present a mixed picture; the 1-hour RSI at 36 indicates that DAI may be oversold in the very short term. However, the 7-day RSI at 49 suggests a neutral stance, with no strong bullish or bearish momentum in the past week.
Fundamentally, DAI has experienced a 7-day price change of -0.1009% and a 30-day decline of -0.0946%. This consistent downward pressure indicates potential concerns about market demand or broader sentiment impacting stablecoins.
Given that DAI is designed to maintain a peg to the US dollar, its current price just below $1 is within acceptable limits for a stablecoin. However, the bearish trends in moving averages and the negative price changes over the past weeks suggest caution.
Considering the current technical indicators and fundamental performance, the recommendation for Dai (DAI) is to Hold. The stability around the $1 mark is expected, but the potential for further downside warrants a conservative approach until clearer bullish signals emerge.
The trading volume over the last 24 hours is $126,868,273, contributing to a volatility ratio of 2.90% relative to its market cap. The hourly moving averages are showing a downward trend, with the 8 SMA at $0.9992 and gradually descending to the 144 SMA at $0.9996, indicating bearish momentum in the short term.
The RSI metrics present a mixed picture; the 1-hour RSI at 36 indicates that DAI may be oversold in the very short term. However, the 7-day RSI at 49 suggests a neutral stance, with no strong bullish or bearish momentum in the past week.
Fundamentally, DAI has experienced a 7-day price change of -0.1009% and a 30-day decline of -0.0946%. This consistent downward pressure indicates potential concerns about market demand or broader sentiment impacting stablecoins.
Given that DAI is designed to maintain a peg to the US dollar, its current price just below $1 is within acceptable limits for a stablecoin. However, the bearish trends in moving averages and the negative price changes over the past weeks suggest caution.
Considering the current technical indicators and fundamental performance, the recommendation for Dai (DAI) is to Hold. The stability around the $1 mark is expected, but the potential for further downside warrants a conservative approach until clearer bullish signals emerge.
Updated 247 minutes ago.
Dai Relative Price at Market Cap of:
Dai TradingView Chart
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